Koster Craig 4
4 · UMH PROPERTIES, INC. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
UMH General Counsel Craig Koster Surrenders 11,333; Receives 4,159
What Happened Craig Koster, EVP and General Counsel of UMH Properties (UMH), recorded two transactions. On 2025-10-28 he voluntarily surrendered 11,333.17 restricted shares back to the company (disposition to issuer). On 2026-01-30 he was granted/received 4,159 restricted shares at $15.63 per share, a grant valued at about $65,005. The surrender was of a prior restricted stock award and related dividend reinvestment shares; the later grant is a restricted stock award under the company’s equity plan.
Key Details
- Transactions:
- 2025-10-28 — Disposition to issuer (D): 11,333.17 shares; proceeds reported $0 (voluntary surrender). (Footnote F1.)
- 2026-01-30 — Award/Acquisition (A): 4,159 shares at $15.63 each; total value ≈ $65,005. (Footnote F2.)
- Post-transaction beneficial ownership: not specified in the summary filing.
- Footnotes:
- F1: Voluntary surrender to the company of a restricted stock award granted Jan 7, 2025 and related dividend reinvestment shares.
- F2: Restricted stock granted under UMH’s 2023 Equity Incentive Award Plan; vests ratably over three years on each anniversary of the grant date.
- Filing timeliness: Form 4 was filed on 2026-02-02 reporting the Oct 28, 2025 surrender and the Jan 30, 2026 grant. The Oct 28 transaction was reported later than the typical two-business-day Form 4 deadline.
Context
- The 11,333.17-share action was a voluntary surrender to the issuer (not an open-market sale), commonly related to award cancellations or adjustments and not necessarily a signal of market sentiment.
- The 4,159 shares are a restricted stock award (compensation), not an open-market purchase; they vest over time per the plan and therefore reflect standard equity compensation rather than an immediate investment by the insider.
Insider Transaction Report
- Disposition to Issuer
UMH Properties, Inc.
[F1]2025-10-28−11,333.17→ 115,219.28 total - Award
UMH Properties, Inc.
[F2]2026-01-30$15.63/sh+4,159$65,005→ 119,378.28 total
- 337.002
UMH Properties, Inc. (Preferred D)
- 50,000
UMH Properties, Inc.
Exercise: $15.66From: 2025-03-26Exp: 2034-03-26→ UMH Properties, Inc. (50,000 underlying) - 75,000
UMH Properties, Inc.
Exercise: $14.36From: 2024-03-21Exp: 2033-03-21→ UMH Properties, Inc. (75,000 underlying) - 39,000
UMH Properties, Inc.
Exercise: $23.81From: 2023-03-28Exp: 2032-03-28→ UMH Properties, Inc. (39,000 underlying) - 50,000
UMH Properties, Inc.
Exercise: $22.57From: 2022-07-14Exp: 2031-07-14→ UMH Properties, Inc. (50,000 underlying) - 30,000
UMH Properties, Inc.
Exercise: $9.70From: 2021-03-25Exp: 2030-03-25→ UMH Properties, Inc. (30,000 underlying) - 20,000
UMH Properties, Inc.
Exercise: $11.42From: 2020-01-02Exp: 2029-01-02→ UMH Properties, Inc. (20,000 underlying) - 20,000
UMH Properties, Inc.
Exercise: $13.09From: 2019-04-02Exp: 2028-04-02→ UMH Properties, Inc. (20,000 underlying) - 20,000
UMH Properties, Inc.
Exercise: $15.04From: 2018-04-04Exp: 2027-04-04→ UMH Properties, Inc. (20,000 underlying) - 50,000
UMH Properties, Inc.
Exercise: $16.86From: 2026-06-16Exp: 2035-06-16→ UMH Properties, Inc. (50,000 underlying)
Footnotes (2)
- [F1]Voluntary surrender to the Company of restricted stock award granted January 7, 2025, and related dividend reinvestment shares.
- [F2]Restricted stock granted to the named executive officers under the Company's 2023 Equity Incentive Award Plan to vest ratably over three years on the anniversary of the grant date.